» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 126 | NO. 111 | Wednesday, June 8, 2011

Oxbow Mining Accuses Railroads of Price Fixing

JOSH FUNK | AP Business Writer

Print | Front Page | Email this story | Comments ()

OMAHA, Neb. (AP) – Oxbow Mining says the Union Pacific and Burlington Northern Santa Fe railroads conspired to raise prices on customers like the Colorado coal mine Oxbow runs.

Forth Worth, Texas-based BNSF also operates the Tennessee Yard intermodal facility at Lamar Avenue and Shelby Drive

Oxbow filed a federal antitrust lawsuit against the two biggest railroads in the western United States on Tuesday.

Oxbow's Chairman and CEO Bill Koch says the railroads have been systematically gouging their customers for years, and those higher shipping costs are passed on to consumers.

Oxbow says UP and BNSF worked to avoid direct competition with each other to help keep rates high.

And Oxbow complained that the fuel surcharges both railroads charge aren't based on costs and simply help the railroads raise shipping rates.

Representatives of the Omaha-based Union Pacific and BNSF did not immediately respond to messages left Tuesday.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 69 69 2,404
MORTGAGES 83 83 2,977
FORECLOSURE NOTICES 0 0 477
BUILDING PERMITS 97 97 5,100
BANKRUPTCIES 44 44 1,823
BUSINESS LICENSES 26 26 922
UTILITY CONNECTIONS 29 29 1,041
MARRIAGE LICENSES 13 13 356

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.